Final Flashcards
(27 cards)
Clean Development Mechanism gave Annex CERS which is
certified emission reductions
what water pollution comprises over half of US water pollution
nonpoint
Great Depression caused birth rate to
decrease
what is a myth for economists
they always recommend market solutions
Constant level of consumption can be maintained forever if all scarcity rents were invested in capital for the future – whose rule?
Hartwick
what is the main problem with the way residential garbage disposal is priced
marginal fee is too low
what is the agreement that guarantees no additional restrictions under Endangered act will be imposed on land owners that restore wildlife
Safe Harbor agreements
what pollutant is associated with acid rain that the US established a large permit trading program for?
sulfur dioxide
what models value clean air according to house prices?
hedonic
what is the transferable development right?
program requires developers to pay for right to build on land and money is used to comp land owners who do not build on their own land
in case of uniformly mixed fund pollutants the cost of achieving a given reduction will be minimized if cost of control is
equal
what is one not conductive to successful operation of cartel supply of non-cartel members is
elastic
what rule says marginal user cost should rise at rate of interest (when extraction is constant)
what hoe told
Hotelling rule
when discount rate decreases, efficient allocation of resources is
shifted to future
Coase theorem
parties affected by externalities will lead to same allocation regardless of how property rights are assigned
what is NOT one of the guidelines for conducting a study according to NOAA
using phone interviews instead of personal
as the cost of harvesting increases, optimal rotation will
increase
what is one of the primary reasons for inefficiency of water system in US
too much gov subsidies for water projects
what fishing regulation is inefficient
time restrictions
freeways in US are overused because
social cost>private cost
what environmental group has most success because of respect for property rights
Nature Conservancy
US forest harvests too many trees due to what act
Kunston-Vanderberg
what is advantage that emission charges have over pollution permits?
if tech innovation happens, there is less pollution under a charge system than a permit system
what is a problem for pollution control policy for cars
cars aren’t taxed based on amount of pollution they emit each year
